Legend has it that the first software bug was literally that — a moth caught between two electrical relays that caused a Mark II computer at Harvard University to crash back in 1947. Since that time, any application that fails to work properly is said to have a bug. With a pair of recent acquisitions, Emtec has enhanced its ability to ensure customers that their application infrastructures remain pest free.
On Feb. 3, the company acquired Dinero Solutions, LLC, a consulting and integration practice focused almost entirely on service delivery of Oracle applications and technology. On March 1, Emtec finalized the acquisition of Covelix, Inc., an application development organization that specializes in providing a disciplined approach to solving complex software challenges.
The acquisitions significantly enhance Emtec’s ability to provide greater onshore and offshore development depth for all practice areas. More importantly, they add to an already impressive portfolio of services, solutions and talent that enable Emtec to deliver a full suite of IT services in the areas of IT Consulting, IT Infrastructure Services, Application Services and Cloud Solutions.
“With these acquisitions, we continue to build on our unique ability to provide customers with the best people, technologies and services in virtually limitless combinations to meet their specific requirements,” said Dinesh Desai, CEO, President and Chairman of Emtec. “We believe this sets Emtec apart in the area of IT delivery.”
The numbers back up Desai. Emtec continues to show steady growth, reporting a 28 percent increase in revenue, including a 37 percent increase in services and consulting revenue for the second quarter of 2011 as compared to the same quarter in 2010.
Emtec’s application development, testing and implementation abilities are now positioned to contribute to the company’s continued strength. Application development is a key area of focus for organizations of all sizes as the rise of cloud, mobility and virtualization technologies increase the demand for a wide variety of business-enabling applications.
In a recent survey of 933 technology decision-makers and approximately 2,500 developers at North American and European enterprises and small to midsize businesses (SMBs), Forrester Research determined that new software projects will constitute a larger portion of enterprise and SMB software budgets than in recent years and that software development spending will increase in 2011.
Dinero, founded in 2000 with corporate headquarters in the greater metro-Atlanta area, has built its success around an expert team of experienced Oracle application and implementation specialists. This acquisition enables Emtec to offer its clients complementary capabilities around the Oracle E-Business Suite (EBS). Dinero delivers specialized solutions to Fortune 500 enterprises as well as SMBs with a primary focus in the financial services, utilities and distribution industries. Clients include Green Mountain Power, CSX, Cellular South, Nordstrom and Friedman, Billings & Ramsey.
“Dinero has enjoyed double-digit revenue growth and profitability over the past seven years while continuing to refine its strategic focus on Oracle EBS implementations and complementary custom software development,” said Desai. “By integrating these skills into our growing consulting organization, we can implement, maintain and support our clients’ ERP applications in an efficient and timely manner.”
Covelix is headquartered in Kirkland, Wash., with a major offshore development facility in Pune, India. They hold long-term relationships and preferred vendor status with many leading software companies. The company has a strong focus on Microsoft technologies such as .NET, Microsoft Dynamics CRM, Exchange, SharePoint, SQL Server and others along with a significant practice in Java, LAMP and other open source technologies.
With a highly rigorous and creative working culture and a progressive training and development program, Covelix has always attracted talented engineers. “Covelix significantly increases our ability to deliver cost-effective solutions through an optimum mix of offshore and onshore development and adds to our sales strength in the Northwest U.S. region — one of the leading IT clusters in the United States,” said Desai. “In addition, the Covelix development center in Pune gives us strength in one of the premier IT development regions in India.”
